Highlights

Annual report presents lengthy explanation justifying the mega hike
Salil Parekh took over Infosys CEO post in 2018

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Infosys CEO gets a mega hike, this is how much he makes after a 88% jump

Almost 97% of the increase in the proposed annual remuneration is linked to performance.

Updated: May 26, 2022 05:11

EJ Biz Desk

Infosys has rewarded CEO Salil Parekh with a 88% pay hike, making his compensation soar from Rs 42 crore to Rs 79 crore as per the annual report filing.

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With almost 97% of the hike based on performance variable the annual filing goes into great detail to justify this gigantic jump.
"Under Salil’s leadership 1 , the Company’s Total Shareholder Return (TSR) was an impressive 314%, the highest among peers The revenue growth of the Company under Salil’s leadership has accelerated and grown from `70,522 crore (fiscal 2018) to `1,21,641 crore (fiscal 2022), a CAGR of 15% (prior four years CAGR 9%) and the profits have also increased from `16,029 crore to `22,110 crore", the report said.

Parekh has been the Chief Executive Officer and Managing Director of Infosys since Jan 2018 and took over a difficult time for the tech major. However a turnaround has been scripted and that is reflecting in the market bets over the last 5 years with its shares rallying 187 per cent, and its market value rising by nearly Rs 4 lakh crore.